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November 28th - According to a press conference at the 2025 Shenzhen Global Investment Promotion Conference, from January to October 2025, Shenzhen utilized RMB 29.7 billion in foreign investment, a year-on-year increase of 8.4%. Foreign investment in high-tech industries exceeded RMB 10 billion, accounting for more than one-third of the citys total, with high-tech manufacturing showing particularly significant growth at 52.7%. The number of newly established foreign-invested enterprises exceeded 10,000, with well-known foreign companies such as DuPont (USA), JCDecaux (France), BP (UK), and Hexagon (Sweden) establishing new operations or increasing their investments in Shenzhen.November 28th - U.S. liquefied natural gas (LNG) exports are on track for a record high this month, helping to curb gas prices in Asia and Europe ahead of winter. According to KPLERs forecast ship tracking data, the U.S. is expected to ship 10.7 million tons in November. This represents an increase of approximately 40% compared to the same period last year. The increased supply is likely to depress gas prices in Europe and Asia in the coming months, although colder weather will boost consumption of this heating fuel. On Thursday, European gas futures fell to their lowest level in over a year, while Asian gas futures prices were at their lowest level in about a month. New projects will continue to boost U.S. LNG exports in the coming years, with production expected to double by the end of this decade.The SC crude oil futures contract rose 2.00% intraday, currently trading at 454.10 yuan per barrel.Coinbase (COIN.O): We have noticed that some users may experience performance degradation when using DEX and lending functions.On November 28th, the Nikkan Kogyo Shimbun reported that Japan and the United States are considering building a NAND flash memory factory in the US through a public-private partnership. It is understood that Japanese chipmaker Kioxia and its US counterpart SanDisk are likely to be the main investors. The Nikkan Kogyo Shimbun points out that this plan may face numerous challenges, including disagreements between the US and Japan regarding capital expenditures and regulatory risks.

Multicoin Capital Unveils Latest $430M Crypto and Web3 Startup Fund

Skylar Shaw

Jul 14, 2022 14:37

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Although the markets for digital assets may be frozen over due to a new crypto winter, venture capital companies are nonetheless optimistic about the sector's and Web3's future.


Multicoin Capital, a cryptocurrency venture business, has shown no fear of the bears with the unveiling of its newest fund. Venture Fund III, the third fund from Multicoin, is a $430 million fund that backs entrepreneurs in the cryptocurrency, blockchain, and Web3 sectors.


The fund would reportedly invest $500,000 to $25 million in early-stage ideas and up to $100 million in later-stage, more established enterprises, according to the statement made on July 12.


The American business was established in 2017, the same year it started making investments in the crypto sector. It oversees a venture fund and a hedge fund that makes investments in both public and private markets. On July 13, managing partner Kyle Samani announced the information.

Concentrate on DAOs, Web3, and DeFi

The fund will concentrate on cryptocurrency initiatives it refers to as Proof of Physical Work, which "build incentive structures that enable anybody in the globe to permissionlessly contribute to a set of common goals." This is not the same as Bitcoin's (BTC) power-hungry proof-of-work consensus algorithm.


It was noted that the idea encourages individuals to carry out legitimate activity that creates physical infrastructure. It cited Web2 companies doing this already, such AirBnB and Uber.


The fund would also focus on DataDAOs, which are proofs of actual work that use data instead of infrastructure and are comparable. Due to privacy and security concerns, data cannot currently be aggregated; however, blockchain technology offers a solution in the form of decentralized, permissionless, and trust-minimized data intermediaries.


A DataDAO named Delphia just received a $60 million financing round headed by Multicoin.


The company is also focused in creator monetization, which gives content producers authority again instead of large social media platforms. Creators may manage their own material and its commercialization by utilizing nonfungible tokens (NFTs) and marketplaces.


The new fund was also interested in consumer-facing Web3 decentralized apps built on top of an existing framework, such Ethereum (ETH). Decentralized finance (DeFi), Web3 infrastructure, and DAO (decentralized autonomous organization) technology would also be examined.


The term "Web3" describes the subsequent generation of the internet, which is decentralized and run by its users as opposed to Web2, which is dominated by global tech and social media corporations that collect data for commercial gain.

Retail Suffers as VCs Continue to Fight

Retail traders are now suffering as the cryptocurrency markets, which serve as the basic financial foundation for many of these Web3 initiatives, are bleeding.


Cryptocurrency markets have lost another 1.9 percent of their value today, bringing the overall market size to $909 billion. Major cryptocurrencies are currently in a range-bound channel, but bad macroeconomic data on CPI (consumer price index/inflation) from the U.S. later today might drive markets down again.

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